Shilling Holds Steady as CBK Posts July 11 Exchange Rates

These are the indicative (average buying and selling) rates set at the start of today’s trading session.

Kenya’s shilling has remained relatively stable against major currencies. The dollar rate of Ksh 129.241 reflects minor fluctuations from recent levels, which hovered around Ksh 129.26–129.50 earlier this month.

While Brexit and Eurozone economic signals continue to influence currency values, the broader foreign exchange market in Kenya remains anchored by strong central bank reserves and targeted policy interventions.

In addition to these rates, the Central Bank of Kenya has reaffirmed its monetary stance: the Central Bank Rate stands at 9.75%, interbank lending averages 9.62% and 91-day treasury bill yields are around 8.14%.

These settings remain critical as the CBK balances inflation control against supporting economic growth.

This means that, Importers and exporters can help manage cost exposure by watching small, but potentially influential, FX movements,Consumers and businesses paying for loans or savings in foreign currency can expect stable pricing in the near term and Policymakers and marketanalysts will be closely monitoring upcoming global signals such as U.S. Federal Reserve moves as they could shift FX trends in Kenya.

The Kenyan shilling continues to trade firmly around Ksh 129 to the dollar, with pound and euro rates also stable.

Strong central bank policy posture and healthy reserves are underpinning the currency. But with global-market dynamics still fluid, even minor currency swings may impact cross-border trade and investment.

Written By Ian Maleve